Italy Inflation August 2016

Italy

Italy: Annual drop in consumer prices stable in August

According to provisional data released by the Italian Statistical Institute (ISTAT), consumer prices grew 0.2% over the previous month in August, mirroring July’s reading. The figure mainly reflected an increase in prices for transport and for recreation and culture. Consumer prices dropped 0.1% in August on an annual basis, which matched July’s reading.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, grew 0.2% in August on a monthly basis, which was down from July’s 0.4% growth. Core inflation was 0.4% in August (July: 0.6%), marking the lowest reading since April 2015. Finally, harmonized consumer prices stayed flat over the same month last year, which was up from July’s 0.2% drop and represented a seven-month high.

FocusEconomics Consensus Forecast panelists expect inflation to stay flat in 2016, which is unchanged from last month’s projection. For 2017, panelists expect inflation to average 1.0%.


Sample Report

Looking for forecasts related to Inflation in Italy? Download a sample report now.

Download

Italy Inflation Chart


Italy Inflation August 2016

Note: Year-on-year and month-on-month var. of consumer price index in %.
Source: National Statistical Institute (Istat).


Italy Economic News

  • Italy: Industrial production gains steam in November

    January 12, 2017

    Industrial output in Italy grew 0.7% in November on a month-on-month seasonally-adjusted basis, an acceleration from the 0.1% expansion registered in October and overshooting analysts’ expectations of a 0.3% increase.

    Read more

  • Italy: Inflation hits highest rate since May 2014 in December

    January 4, 2017

    According to provisional data released by the National Statistical Institute (Istat), consumer prices grew 0.4% from the previous month in December, contrasting November’s 0.1% drop and marking the highest result since February 2015.

    Read more

  • Italy: PMI hits six-month high in December

    January 2, 2017

    The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose from 52.2 in November to a six-month-high of 53.2 in December.

    Read more

  • Italy: Business confidence decreases in December

    December 29, 2016

    The National Institute of Statistics’ (Istat) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator), which covers the manufacturing, construction, service and retail sectors, dropped from 101.4 in November to 100.3 in December. Two out of the four categories of the indicator deteriorated compared to November: construction and services, with the former hitting a seven-month low.

    Read more

  • Italy: Consumer confidence rises in December

    December 28, 2016

    The National Institute of Statistics’ (Istat) consumer confidence index increased from November’s 108.1 points to 111.1 points in December, marking the best result in five months. December’s reading reflected a broad-based improvement in all components of the index.

    Read more

More news

Search form